Frequently Asked Questions About Greenbox Capital
Greenbox Capital does more than just provide small businesses in the US, Puerto Rico and Canada with working capital, we make personal connections with businesses owners to meet their unique financial needs and repayment schedules. Our list of Frequently Asked Questions & Answers (FAQ’s) provides an overview of small business financing options, benefits of ISO partnerships and our loan servicing programs.
Greenbox Capital’s small business funding application is fast and easy. We offer merchant cash advances¹, invoice factoring, lines of credit and small business loans². Low credit scores, Liens and Bankruptcy will not automatically disqualify you. We base approval primarily on business cash flow, stability and potential.
¹ Greenbox Capital Merchant Cash Advances may not be available in all US states or Canada.
² Greenbox Capital Small Business Loans may not be available in all US states.
For a free consultation, please complete our application or contact our Merchant Account Service Team.
Q? How does the bank verification process work?
Click here for a step-by-step video on how to complete the bank verification process
Q? Are there restrictions on the use of the working capital funding?
Q? Do you fund businesses in Puerto Rico?
Q? Does Greenbox Capital offer lines of credit?
A: Similar to a line of credit, businesses can draw less than the full amount approved for their Merchant Cash Advance and then request more as needed so long as the business health remains unchanged or improves.
Q? How do I become a sales partner with Greenbox Capital?
A. Call 1-855-442-3423 or fill out an application.
Q? If I need additional financing, can I apply for another cash advance?
A. Yes. Once you have repaid 50% of your original cash advance, you are eligible to apply for another cash advance, called a renewal. In most cases, Greenbox Capital will increase the amount of the advance you are eligible to receive.
Q? What information do you need from me to apply?
A. The information needed depends on the cash advance or loan amount. We may need:
- Credit card statements for the previous 3 months
- Bank statements for the last previous 3 months
- A completed application
- Emailed or faxed photocopy of your driver’s license
Q? I have a low credit score. Can I still qualify?
A: Yes. Credit scores are not central to the approval process.
Q? How fast can I access working capital cash?
A: Pre-approval takes minutes. We can deposit cash in your account as fast as 24 hours.
Q? How much working capital can I receive?
A: $5,000 to $250,000. Businesses can get approved for 70% to 100% of their monthly revenue.
Q? How do businesses qualify?
A: We require a minimum average of $7,500 monthly revenue in each of the past three months, at least 6 months in business, among other things.
Q? What types of businesses does Greenbox Capital offer financing?
A: All types. We fund attorney offices, restaurants, physician offices, medical centers, retail clothing shops, automotive repair shops and daycare centers, to name a few.
Q? Do you fund startups?
A: To qualify for a Greenbox Capital business cash advance or loan, a business must be in operation at least 6 months.
Q? My business is based in Canada. Am I eligible for working capital funding?
A: Yes. We approve small business loans to Canada-based businesses.
Q? Is your loan servicing customizable?
A: Yes. We offer comprehensive loan servicing, which can be tailored for each business. Choose only the services your business needs.
Q? What types of loans do you service?
A: Small business loans and Merchant Cash Advances paid back through Automated Clearing House (ACH), Lock Box or Split Funding.